Party Gaming intent on entering US gambling market


Internet gaming giant talking to potential partners against the day the world's biggest market opens up

Gibraltar-based online gambling operatorParty Gaming is still apparently intent on entering the US market, should it become accessible legally, with its multi-million dollar settlement with the US Justice Departmentlast July forming a springboard from which it may be able to develop partnerships with US companies.

This week the online gambling giant revealed to the Reuters news agency that it is talking to potential US partners with a view to re-entering what is still the world's largest online gambling market.

“We are certainly in discussions with a few parties on a number of different opportunities,” said Jim Ryan, chief executive officer at Party Gaming, adding the cautionary statement that the talks were still in the preliminary stages, and declining to identify with whom his company was negotiating.

“There is a list of suspects who one would expect us to be talking to, given that our focus is consolidating the online gaming sector,” said Ryan. “We are talking to a number of US entities about doing business with them when the US market regulates. It's positioned us for growth from a mergers and acquisitions perspective and, from an operational perspective, I think it's our ticket back into the United States.”

Ryan went on to say that he has been encouraged by recent moves in the US by Congressmen Barney Frank and Jim McDermott to overturn the Unlawful Internet Gambling Enforcement Act of 2006. The legislators have argued that the passage of their measures would generate tax revenues of about $42 billion over ten years.

“We're hearing rumours that we're going to get support from the [US] land-based operators for online gaming so it seems like momentum is building,” said Ryan.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

3mins ago someone from Russian Federation read article Senior Intel Exec Appointed @ GLI

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    18
  • Members Online
    294
  • Guests
    2,032
Highest Community Rated Online Casinos
NextCasino
  (99 Ratings)
Bet365 Games
  (113 Ratings)
CasinoLuck
  (161 Ratings)
Betsson Casino
  (148 Ratings)
BitCasino.io
  (100 Ratings)
Guts Casino
  (117 Ratings)
Redbet Casino
  (94 Ratings)
Intertops Casino Classic
  (70 Ratings)
Betsafe Casino
  (124 Ratings)
Unibet Casino
  (92 Ratings)
Slotty Vegas
  (56 Ratings)
3Dice Casino
  (164 Ratings)
Spin Palace Casino
  (87 Ratings)
Thrills Casino
  (87 Ratings)
Uptown Aces
  (71 Ratings)
Liberty Slots Casino
  (115 Ratings)
32 Red Casino
  (195 Ratings)
Mr Green Casino
  (227 Ratings)
ComeOn Casino
  (175 Ratings)
Winner Casino
  (289 Ratings)
Vera John Casino
  (134 Ratings)
Casino Saga
  (68 Ratings)
Jetbull Casino
  (66 Ratings)
Casumo
  (82 Ratings)
Sin City Casino
  (66 Ratings)
River Nile Casino
  (74 Ratings)
BETAT Casino
  (132 Ratings)
No Bonus Casino
  (37 Ratings)
Crazy Vegas
  (121 Ratings)
Whitebet Casino
  (60 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus